● The Price of Inequality: How Today’s Divided Society Endangers Our Future
By Joseph Stiglitz
Review via NPR
In his latest book, The Price of Inequality, Stiglitz argues that widely unequal societies don’t function effectively or have stable economies and that even the rich will pay a steep price if economic inequalities continue to worsen. In the current system, top income earners who make their money through capital gains and stock dividends pay lower effective tax rates than the average person. Those capital gains tax rates were first lowered during the Clinton administration, when Stiglitz led the Council of Economic Advisers.
